Iran says $50M facilities going into industrial sector

Business Materials 3 July 2015 17:30 (UTC +04:00)

Tehran, Iran, July 3

By Mehdi Sepahvand - Trend:

Head of the Iranian Management and Planning organization said the Iranian government has allocated facilities worth $50 million to industries and mines.

That number is 48 percent bigger than the past, Mohammad Baqer Nobakht stated, Fars news agency reported July 3.

He also stated that in the first nine months of the previous Iranian fiscal year (which started March 21, 2014), investment grew by 13.8 percent.

Nobakht further stated that during the Rouhani administration inflation went down from 40 to 15 percent.

However, in the first quarter of the current Iranian fiscal year, which started March 21, one third of the planned budget was not fulfilled, he noted.

Edited by CN